Lithuanian developer Klaipedos Nafta has received bids from companies wishing to take on the role of financial advisor to help it secure 600 million Lithuanian litai ($215 million) for the country’s maiden import terminal.
“Initial tender offers have been received and are under evaluation,” said a Klaipedos spokeswoman. A winner is due to be named at the beginning of September.
The state-owned oil outfit would not reveal how many companies submitted offers in the process.
According to a draft technical specification, Klaipedos “will face a need for up to LTL 600 million financing in a form of long, short-term bank debt, various guarantee forms (and) other financing options”.
The workscope will include financial modelling, transaction structuring and analysis of proposals.
The company will also...
